https://www.taxtmi.com/caselaws?id=426655 The Tribunal allowed both appeals of the assessee, overturning the decisions of the CIT(A) and A.O. CPC Bangalore. The denial of exemption under Section 80IB due to the late filing of the audit report was deemed rectifiable under Section 154, as per CBDT Circular No. 689. The Tribunal found in favor of the assessee, emphasizing the permissibility of submitting evidence post-return filing. The orders of the lower authorities were set aside, and the appeals were decided in favor of the assessee. en-us Mon, 23 May 2022 00:00:00 +0530 Mon, 22 Aug 2022 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426655 The Tribunal allowed both appeals of the assessee, overturning the decisions of the CIT(A) and A.O. CPC Bangalore. The denial of exemption under Section 80IB due to the late filing of the audit report was deemed rectifiable under Section 154, as per CBDT Circular No. 689. The Tribunal found in favor of the assessee, emphasizing the permissibility of submitting evidence post-return filing. The orders of the lower authorities were set aside, and the appeals were decided in favor of the assessee. Case-Laws Income Tax Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426655